What is the best age for business?
1. Open your business from the age of 1 to 10 years
With proper education, when a child considers business a game, and his parents are well aware that thanks to such a game he can acquire skills that will be useful to him later on throughout his future life. The main thing to remember is that the child must earn money honestly, only then there will be at least some sense from such activities.
The Dutchman Ryan Ross became a millionaire at 8 years old, and he earned his first money at 3 when he organized a chicken farm in the backyard of his house. But the basic capital brought him the simple idea that taking $ 20 for a lawn mowing, he can keep 5 for himself, giving 15 to the one who will mow this very lawn. Now the young Ryan has four companies, he is engaged in real estate investments, and his capital is constantly growing every day more and more.
Millionaire in 8 years? Yes it’s not a joke
2. Open a business aged 10 to 20 years
This age group has the main advantage – buyers who are ready to give their pocket money for anything, or, more simply, their fellow students at school or college. Therefore, an ideal business for this age is the business of reselling something or manufacturing and selling inexpensive but necessary things to peers. In addition, lately there has been a great opportunity to start making money on the Internet, which does not tolerate age, language, or any other restrictions.
Kevin Ham – the son of poor immigrants, while studying at college he became interested in the Internet, very soon realizing what the prospects for the resale of domains were. Starting with 2-3 domain names, after a few years, he left school. In 2000, in just three months, he bought and resold 10,000 domains. Currently, his capital is estimated at $ 320 million, but no one knows the price of the domains that belong to him, since it is almost impossible to calculate, and quite possibly, it is measured in many billions.
Kevin Ham on time got on the tail of the domain business
3. Open your own business from the age of 20 to 30
The advantage of this age is that you feel and know all the most fashionable, modern and current market trends, and therefore you can choose a business that will bring tangible income in the very near future. In addition, you can perfectly combine your business with study. It doesn’t matter where you study – at the institute, at home in the evenings, or during constant hired work. The main thing is that every step you take will bring you closer to your goal – to become a millionaire, and therefore, the more you put in strength (strength and energy is the main advantage of this age), the more success you will achieve.
We will not even give examples, but we will name only one name: Bill Gates, as a vivid example of a man who, by the age of 30, managed to not only earn his first million, but also become one of the richest people in the world.
Bill shows how he earned his first million
4. Open your own business between the ages of 30 and 40
It is at this age that people, for the first time disappointed in working for a “system” or “employer”, accumulate enough strength and determination to give up their usual way of life and start all over again. True, they do not always slam the door behind themselves at one moment, but, as a rule, carefully prepare their transition to the world of business, choosing an idea, determining a strategy and taking into account all possible risks. But then they shoot like fireworks, surprisingly to those who did not know at what cost they were given such a decision.
Decision x knowledge – fear + growing experience every day = success in business.
Where to get money to start your own business? It is this problem that 95% of beginning entrepreneurs face! In the article “Where to get money for a business,” we revealed the most relevant ways to get start-up capital for an entrepreneur. We also recommend that you carefully study the results of our experiment in exchange earnings: “see the results of the experiment”
5. Open your own business from the age of 40 to 50
Statistics show that 60% of the most successful people in the world started their business precisely at this age, successfully combining the enthusiasm and fearlessness of the still-gone youth with the experience, prudence and knowledge of steadily advancing maturity. And although many of them did not get a place in the list of hundreds of the richest people on the planet, each of them has enough money to make several generations of their families feel comfortable.
German Marta Kauff, having left her job at the bank, became a private investor, having begun the first operations with the money of her friends and relatives, who gave her small amounts only in order to morally support her. When the money began to double, and therefore tripled, whole lines of people wishing to use its services began to line up at Martha Kauff’s house. At the moment, she owns one of the most successful and fastest growing investment companies in Europe.
You can rise from the bottom, if you want